NORTHERN LIBERTIES BUSINESS IMPROVEMENT DISTRICT (EIN 823141998) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

CASSIDY MARTIN

Phone

4846040572

Tax Period

2024-07-01 to 2025-06-30

NORTHERN LIBERTIES BUSINESS IMPROVEMENT DISTRICT, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $691K in total revenue in fiscal year 2024. The organization ran a surplus of $152K, a strong 22% operating margin.

Mission

TO IMPROVE THE ECONOMIC DEVELOPMENT OF THE NORTHERN LIBERTIES DISTRICT OF THE CITY OF PHILADELPHIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $659,960

Program Service Revenue $25,263

Investment Income $5,843

Other Revenue $0

TOTAL REVENUE $691,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,118

Fundraising Expenses $0

Program Expenses $434,657

Other Expenses $390,450

TOTAL EXPENSES $538,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,066	$701,090	0.0%
Expenses	$538,568	$489,958	+0.1%
Net Income	$152,498	$211,132	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$80,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM REED	CHAIR	5.00	Officer Director	$0	$0	$0
IRA UPIN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
OWEN KAMIHIRA	SECRETARY	3.00	Officer Director	$0	$0	$0
DAVE GOLDMAN	TREASURER	3.00	Officer Director	$0	$0	$0
ELI ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MALEEK JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA NEELY	BOARD MEMBER	1.00	Director	$0	$0	$0
ORON DASKAL	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLY MARKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FREDA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX HILLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARIF PENDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT RUBEN	BOARD MEMBER	1.00	Director	$0	$0	$0
COUNCILMAN MARK SQUILLA	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSIDY MARTIN	EXECUTIVE DIRECTOR UNTIL MARCH 2025	40.00	Director	$80,462	$0	$80,462
SYDNEY REXROAD	EXECUTIVE DIRECTOR - CURRENT	40.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$691,066	$538,568	$544,624	$152,498
2024	$701,090	$489,958	$396,743	$211,132
2023	$702,002	$753,706	$202,107	$-51,704
2022	$619,709	$673,048	$282,797	$-53,339
2021	$562,190	$527,724	$300,511	$34,466
2020	$493,960	$412,227	$256,418	$81,733
2019	$451,452	$311,813	$156,609	$139,639

NORTHERN LIBERTIES BUSINESS IMPROVEMENT DISTRICT